Bank Julius Baer & Co. Ltd Zurich Sells 22,847 Shares of Republic Services, Inc. (NYSE:RSG)

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in Republic Services, Inc. (NYSE:RSG) by 12.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,446 shares of the business services provider’s stock after selling 22,847 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Republic Services were worth $26,294,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Republic Services by 0.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,150 shares of the business services provider’s stock worth $4,147,000 after acquiring an additional 66 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in shares of Republic Services by 0.3% during the 4th quarter. Parcion Private Wealth LLC now owns 23,808 shares of the business services provider’s stock worth $3,926,000 after acquiring an additional 68 shares during the last quarter. Stokes Family Office LLC increased its holdings in Republic Services by 2.2% during the 3rd quarter. Stokes Family Office LLC now owns 3,209 shares of the business services provider’s stock worth $457,000 after purchasing an additional 70 shares during the period. WASHINGTON TRUST Co increased its holdings in Republic Services by 4.5% during the 4th quarter. WASHINGTON TRUST Co now owns 1,620 shares of the business services provider’s stock worth $267,000 after purchasing an additional 70 shares during the period. Finally, FinTrust Capital Advisors LLC increased its holdings in Republic Services by 56.3% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 197 shares of the business services provider’s stock worth $28,000 after purchasing an additional 71 shares during the period. 57.73% of the stock is owned by institutional investors.

Insider Activity at Republic Services

In related news, CEO Ark Jon Vander sold 5,446 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $184.10, for a total value of $1,002,608.60. Following the transaction, the chief executive officer now owns 85,113 shares of the company’s stock, valued at $15,669,303.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on RSG. Citigroup raised their price objective on Republic Services from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Oppenheimer raised their price objective on Republic Services from $182.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Jefferies Financial Group raised their price objective on Republic Services from $213.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Royal Bank of Canada initiated coverage on Republic Services in a report on Monday, April 8th. They issued a “sector perform” rating and a $198.00 price target on the stock. Finally, Truist Financial raised their price objective on Republic Services from $175.00 to $192.00 and gave the stock a “hold” rating in a research report on Wednesday, February 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $199.77.

Republic Services Stock Performance

Shares of RSG stock traded down $1.64 on Friday, hitting $191.92. The company had a trading volume of 1,824,385 shares, compared to its average volume of 1,212,939. The firm has a market cap of $60.45 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.68. The company has a 50-day moving average price of $187.13 and a 200-day moving average price of $170.17. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.13. Republic Services, Inc. has a twelve month low of $135.33 and a twelve month high of $193.82.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.13. Republic Services had a return on equity of 17.32% and a net margin of 11.57%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Republic Services’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Republic Services, Inc. will post 6.01 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 1.12%. The ex-dividend date was Monday, April 1st. Republic Services’s dividend payout ratio (DPR) is presently 39.12%.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.